What is an outside director?
A) the CEO that is selected by the corporation's board of directors
B) a member of the board of directors who does not have a direct management role in the firm
C) a member of a corporate board of directors that is also a manager of the business
D) a board of director chair who has been in the job for less than one year
B
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If the marginal product of labor is positive and increasing, then the total product of labor curve is
a. constant b. upward sloping and becoming steeper c. downward sloping and becoming flatter d. lies above the total cost curve e. lies below the total cost curve
Economists generally agree that in reducing poverty, policies should be sought that do the
A. greatest good for total production. B. least harm to work incentives. C. most good for the poor. D. least harm to equality of income.